Banks gave $745 billion to groups planning new coal power plants: NGOs

Financial institutions have channeled $745 billion over the past three years into companies planning new coal-fired power plants, according to a report by environmental groups, who are urging global banks to stop financing the sector. The report's release comes as world leaders met this week in Madrid for a 12-day UN climate summit, where they are expected to hammer out some of the details of the 2015 Paris agreement.

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